Bank of Marin Bancorp (BMRC) Scheduled to Post Earnings on Monday
Bank of Marin Bancorp (NASDAQ:BMRC) will be releasing its earnings data before the market opens on Monday, July 24th. Analysts expect Bank of Marin Bancorp to post earnings of $0.80 per share for the quarter.
Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings results on Monday, April 24th. The bank reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.06. Bank of Marin Bancorp had a net margin of 26.43% and a return on equity of 9.54%. The business had revenue of $19.74 million during the quarter, compared to analyst estimates of $20.17 million. On average, analysts expect Bank of Marin Bancorp to post $3.23 EPS for the current fiscal year and $3.52 EPS for the next fiscal year.
Shares of Bank of Marin Bancorp (NASDAQ BMRC) opened at 62.55 on Monday. Bank of Marin Bancorp has a one year low of $48.50 and a one year high of $75.05. The firm has a market capitalization of $381.05 million, a P/E ratio of 17.43 and a beta of 0.88. The firm has a 50-day moving average of $62.12 and a 200-day moving average of $66.20.
A number of brokerages recently commented on BMRC. Zacks Investment Research lowered Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. BidaskClub upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Piper Jaffray Companies reduced their target price on Bank of Marin Bancorp from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Monday, April 17th. ValuEngine upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $68.00 target price on shares of Bank of Marin Bancorp in a report on Wednesday, June 28th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $71.00.
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Bank of Marin Bancorp Company Profile
Bank of Marin Bancorp (Bancorp) is the holding company for Bank of Marin (the Bank). The Company’s business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations. As of December 31, 2016, the Company operated through 20 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.
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